Chubb Limited $CB Holdings Increased by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC increased its stake in Chubb Limited (NYSE:CB) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,195 shares of the financial services provider’s stock after acquiring an additional 529 shares during the period. Chubb makes up approximately 1.3% of Chesley Taft & Associates LLC’s investment portfolio, making the stock its 22nd biggest position. Chesley Taft & Associates LLC’s holdings in Chubb were worth $28,739,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. GQG Partners LLC increased its position in shares of Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Demars Financial Group LLC lifted its holdings in shares of Chubb by 16.4% in the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock valued at $1,884,004,000 after buying an additional 878,177 shares during the period. Ameriprise Financial Inc. boosted its stake in Chubb by 6.9% during the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after buying an additional 304,751 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Chubb by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock worth $840,756,000 after acquiring an additional 30,334 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Chubb by 15.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,753,719 shares of the financial services provider’s stock worth $760,853,000 after acquiring an additional 366,559 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

CB stock opened at $272.05 on Wednesday. The firm has a 50 day moving average of $274.10 and a two-hundred day moving average of $283.26. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The company has a market capitalization of $108.46 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 3.09 and a beta of 0.56. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.30. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.38 EPS. As a group, equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, September 12th. Chubb’s dividend payout ratio is 17.12%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Citigroup initiated coverage on shares of Chubb in a report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 target price on the stock. HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and decreased their price target for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. UBS Group cut their price objective on Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Morgan Stanley decreased their target price on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Finally, Deutsche Bank Aktiengesellschaft downgraded Chubb from a “buy” rating to a “hold” rating and set a $303.00 target price for the company. in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus target price of $303.06.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider owned 91,180 shares in the company, valued at $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Corbat purchased 425 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.86% of the company’s stock.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.